EdTech giant Baiju's has been struggling to pay back a $1.2 billion loan it took out from Lebor. The lenders say the company is not paying up and are trying to seize control of its US subsidiaries. Highathoradefinshots says that at the moment Baiju's looks like a jenga tar, but one wrong move could topple the entire thing.
Edtech giant Byju’s just defaulted on a $1.2 billion loan. And it's not because it doesn’t have money (Or at least that’s what it says). Rather, it pins the blame on the lenders who’re allegedly harassing the company.
So in today’s episode for 8th June 2023, we dive into what on earth is happening at Byju’s.